@f478521g
The risk of token delisting is significant and can cause a price crash and loss of liquidity. Exchanges may delist tokens due to regulatory pressure, low trading volume, or security concerns. This severely limits your ability to sell the token easily and often destroys its market value. Airdropped tokens from projects with unclear regulatory status or weak fundamentals are particularly vulnerable. This risk underscores the importance of diversifying and not relying solely on CEXs for liquidity.